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Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
 Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that this is a big challenge for numerous players within the industry, from supplier to the end-user. At this point owners and operators should have chosen their compliance option. We’re now seeing major fuel suppliers announcing their availability of 0.50% compliant fuel. Last month, BP announced that they have successfully tested Low Sulphur Fuel Oil at sea and will be selling 0.50% before 2020. This came shortly after the International Energy Agency projected that almost half of the global fleet will use marine gas oil in 2020 and eventually, 40% will burn Very Low Sulphur Fuel (LSFO). We’ve also seen that compliant fuel is available in ports such as Rotterdam. Importantly, this gives shipowners and operators the ability to plan ahead – as they learn which suppliers have what fuel available and where – helping them get their fleets and crews ready for this regulation.
The biggest challenge
For shipowners and operators, the biggest challenge is to prepare their ships when changing over from High Sulphur Fuel Oil (HSFO) to Low Sulphur Fuel Oil (LSFO). They will need to work out how much investment is needed to prepare the ship’s fuel systems and tanks; this might involve cleaning tanks which takes time, effort and money as the ship will need to be off-hire. Owners and operators also have the option to leave their tanks and hope that this change of fuel will not damage them or affect operations. Alternatively, they can consider the implications of the diversity of fuels that might come with this regulation. For example, will this require segmentation? If so, does the owner or operator have spare tanks to segment the fuel?
Test, prepare and plan
Our Fuel Oil Bunker Analysis and Advisory Service (FOBAS) team have been analysing 0.50% fuels to set a baseline understanding of compatibility and from a technical perspective, we would recommend implementing a fuel segregation plan. Whether that’s considering loading a light product compared to a heavy one, and or making greater efforts to segregate and avoid comingling fuels – industry experts warn against mixing one bunker with another as there’s a high risk of destabilising the fuels and in most situations, crews can’t easily assess the degree of risk of this happening until the fuel is already onboard, so segregation of bunkers is important.
The next step is managing the diversity of the viscosities of the fuels and managing any incompatibility thus observed between the different bunkers onboard: if crews must mix, then working out the ratio’s involved and any potential resultant properties is key. These are all important considerations and decisions to be made now as part of the ship implementation plan, as recommended by the IMO, allowing owners and operators the time to test, prepare and plan.
Some crews have had limited or no experience of using LSFO, and therefore crews need to be prepared for this, particularly when it comes to fuel management on board. All ships should have a fuel management protocol onboard , which is likely to be a procedure covered in the company’s ship management system. However, shipowners and operators need to go beyond this and ensure their crew have a proactive mindset to comply with the Sulphur 2020 limit. This should address an additional fuel change plan, for which the ship implementation plan will include key preparatory milestones, so considering whether there is a need to update their fuel management strategies to include bunker segregation and fuel compatibility.
A word of caution
There is some speculation that because we’re going to have a diverse range of fuel blends there will be quality issues, owners and crew will need to make sure there are barriers in place to protect against contamination if it occurs. This might not necessarily happen because all residual fuels are for the most part blended and blending has been a common practice in the shipping industry for many decades, but it’s right to be cautious. Reputable suppliers should meet the standards set out in ISO-8217, the marine fuel standard that gives the criteria of the core parameters which must be met by any fuel if it’s to be used onboard a ship. We recommend purchasing against the latest revision of the international marine fuel standard ISO-8217:2017. With this, the supplier knows the parameters and targets set out in ISO-8217 and understands that there’s clauses in the standard that expects the supplier to have quality assurance within the supply chain and consequently their responsibilities to heed to that.
When it comes to Sulphur 2020, planning is critical. Approximately 50% of the world fleet have little or no experience operating in an Emission Control Area (ECA) and having to switch to working with low sulphur fuel nor have they experienced this type of change before, so awareness for crews and preparing fuel systems and tanks is fundamental to get this change safely and effectively implemented. Yes, there are risks and safety concerns, however the industry can tackle these with a sense of confidence if sufficient planning, testing and stakeholder engagement is implemented.
Source: Lloyd’s Register
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Sunday, 28 April 19
SUPRAMAX: A 54,000DWT VESSEL OPEN GRESIK FIXED VIA AUSTRALIA, REDELIVERY CHINA, IN THE MID $12,000S - BALTIC BRIEFING
Capesize
Following the holidays, activity increased in both the Pacific and Atlantic Basins. The 5TC average rallied, closing at $8,596, up $1, ...
Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
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Showing 1411 to 1415 news of total 6871 |
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- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
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